#NZDUSD: Potential for a Short Trade #forex
Looking to short around 0.7690
The framework for this trade is looking for a short around 0.7680-0.7690 area, with a first target around the ascending support for the wedge. The trade is illustrated on chart.
Good luck...
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My best regards
Technician
- The pair is in a long term bearish trend
- The price formed a pin bar at a previous major swing low (0.7680 area). In addition to a falling trend
- A small rising wedge could be evolving
- RSI is showing a slight bearish divergence
The framework for this trade is looking for a short around 0.7680-0.7690 area, with a first target around the ascending support for the wedge. The trade is illustrated on chart.
Good luck...
thefxchannel.com/ , visit.. vote and subscribe. Thank you
twitter.com/thefxchannel
My best regards
Technician
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